Hello,friends
The question is more for those who once converted a lot of bitcoins into fiat to their bank accounts
How did you do it so that the tax authorities and the bank manager would not question where the money came from?
The thing is that many years ago i bought my bitcoins from a person in cash and he transferred them to me in my presence
How can i make sure that this money is transferred to my bank card without any problems?
-Regards
Converting a lot of bitcoin in a lot of transactions may not trigger the security measures of banking sector. Still, it all depends on your bank account and how much balance you maintain usually, and if you receive 100x of the amount will definitely flag your account. You will be reviewed if it's due to glitch or actual funds were transferred in that case if you did from centralized exchange there won't be any problem. Still, if it's from p2p then you might be asked for source of these funds, so don't convert crypto to fiat in all of a sudden unless you have a bank account that can maintain the cash flow as a normal thing.